In response to:

5 Political Fallacies Too Many Americans Embrace

jasonQ42 Wrote: Oct 26, 2013 8:06 PM
4) Just the contrary, people in general today are cynical to the point of nihilism about government. Additionally, any “weakening” of the dollar makes exports more competitive; there is an upside as well. (5) There are institutions whose job is to determine the credit worthiness of potential borrowers. These institutions across the board consider the US to be the safest possible investment that they can make, as reflected in the fact that the US can presently borrow money at a rate below that of inflation.
FederalFarmer Wrote: Oct 26, 2013 10:20 PM
We keep getting devalued because we are the safest investment????
ericynot1 Wrote: Oct 26, 2013 8:22 PM
jason, if we don't get our financial house in order, not only is the value of our currency going to continue to slide, but the dollar will cease being the world's reserve currency. If that should happen, the consequences will be extensive.
jasonQ42 Wrote: Oct 26, 2013 8:30 PM
My point is that people whose job it is to determine the credit-worthiness of borrowers have determined that our "our financial house" is in order. There are long-run deficit problems, but long-run projections are really just a type of really boring science fiction; not completely useless or irrelevant, but speculative and to be taken with a grain of salt.
dmoel Wrote: Oct 26, 2013 8:50 PM
Jason- What are you going to do if our creditors call in their markers? At current debt levels, every man woman and child owes $53,000. Can you come up with that much on a weeks notice? What about all the 'poor' folks pot there? Will you be willing, or able to help pay their share on top of your own and that of your minor children?
And FYI- at the last several bond auctions held by the gov't, all of the bonds offered weren't sold...nobody wanted them! And the ones that WERE sold were not sold at face value, but were discounted.....
The primary cause of our national debt is entitlements....since 1964. the gov't has spent MORE than the debt on wealth redistribution via Social Security, Medicare, Medicaid, welfare, food 'assistance', public and subsidized housing, etc, and now we are on the cusp of yet ANOTHER wealth redistribution scheme called Obama Care.......
Boring science fiction? You need to open your eyes. man! At current debt and deficit levels, our national debt will equal or exceed GDP before 2023..........WE ARE already Greece.......10 years ago, and the clock is ticking........
dmoel Wrote: Oct 26, 2013 8:53 PM
Sorry about the typos.....I'm a little tired after working my 14th 12 hour day in a row.......But hey, someone has to pay for all this gov't.......
goldilocks Wrote: Oct 26, 2013 8:59 PM
do you have spell check?
it helps!
it only checks spelling. it does not correct usage.
it won't tell you which to, too or two is correct.
Vic156 Wrote: Oct 26, 2013 9:51 PM
dmole, Amen, and Amen! Indeed what will we do when China demands that we ship them all of our women or they will come get them? Or that we cut every tree in our now held sacred national forests or they will come get them? Think that is impossible? Think again, China holds our debt. If they decide we would make good slaves (or soylent green for that matter) they will come and take back the value they are owed.
Vic156 Wrote: Oct 26, 2013 9:56 PM
two, too, to true. But for the most part why quibble over usage in a public forum? Most people are not proofreaders and definitely not editors. Thus I tend to cut them some slack. Heck I even cut the columnists slack because it is obvious that they are probably working on a tight schedule and do not have an editor who vets their work before it goes up. So what? As long as they aren't asserting something asinine and the gist of what they are trying to say gets through I'm good with it. I know lots of leftists think that the position of the conservative is asinine but heh, I think their (leftists) positions are not only asinine but evil.
Darby O'Gill Wrote: Oct 26, 2013 10:09 PM
Vic...they can have the feminists ...:o)